Zawahiri: Blame Al Qaeda for Wall Street Woes

Some Truth

Alan Greenspan lowered interest rates ... and kept them low until about 2004 ... in response to September 11th. They were not sure what the effect was, and wanted to stimulate the economy. Unfortunately, the Clinton time bomb (by executive order, Clinton reduced the mortgage lending standards in 1995 ... forcing banks to comply through the CRA) ... well, the Clinton time bomb kicked in at that point. The situation was complicated by the fact that we really CANNOT fix anything in Washington due to special interest politics (like Fannie Mae, etc.). Al Qaeda was the spark that lit the flame of lower interest rates. The rest is our fault.

Nishani Naidoo of CT @ Nov 29, 2008 17:02:23 PM

STFUAQ (CIA / Saudi Douches)

Alan Greenspan, Chris Dodd and Barney Frank would love to pin this on the bogeyman, but their roles in this crisis are unmistakable. Let's see them publicly horsewhipped and sent to jail before we storm into a country "bristling with nuclear weapons" in Joe Biden's words. What is this, another 911? The country just voted the people responsible into power. They deserve the mess coming down the pipeline.

G. Parti of NY @ Nov 29, 2008 15:39:17 PM

Another reason to hate these cretins. They use a legitimate argument in their rantings. I agree that our economic system has become fraudulent as a interest and credit based economy, but I hesitate to agree out loud because of whose mouth it's coming out of.

Andy of MI @ Nov 29, 2008 15:36:49 PM